Wall Street jumped after the U.S. Federal Reserve concluded its monetary policy meeting on Wednesday by hiking its key policy rate by 25 basis points, as widely expected.
The three major U.S. stock indexes, which were mostly languid prior to the Fed announcement, moved higher in the immediate aftermath as investors digested the hike and the accompanying statement., the members of the Federal Open Markets Committee said some additional tightening might be possible, but suggested it was on the verge of pausing future hikes in view of recent turmoil in the financial sector.
Worries persist that the central bank's aggressive battle against inflation could tip the economy into recession, and
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